Institutional-grade real estate investments. Now available to you.

There’s $7 trillion of U.S. commercial real estate. But where to start?

Real estate has long been recognized as a valuable addition to the traditional stock and bond portfolio model.
Yet most investors struggle to efficiently access the asset class, where finding quality investment opportunities
requires relationships and local expertise. That’s where we come in.

Over 80%

Owned by private operators and institutions 1

7%

Average high net worth allocation to real estate 2

10-20%

Typical institutional target allocation to real estate
3

1 Source: Real Capital Analytics

2 Source: Wealth-X

3 Source: Hodes Weill & Associates

We utilize our expertise, network, and technology to filter
through the noise.

We bring rigorous analysis based on proprietary data, a network spanning 300+ local operating partners, and an
investment team with over $50 billion in transaction experience. All to provide you with high-quality investment
opportunities.

500+

Opportunities evaluated annually

Less than 2%

Investments approved by Cadre

$50-200 Million

Typical transaction size

Over $1.5 Billion

Closed transaction value

We offer you streamlined access to unique investment
opportunities.

Invest hassle-free in a highly curated set of institutional properties across the United States, backed by
transparent reporting and extensive experience to oversee your investment.

Invest your way, with flexibility
to suit your goals.

Invest deal-by-deal or allow us to build you a multi-property portfolio. Whichever you choose, we invest
alongside you in every opportunity. We focus on long-term profitability, but also offer you the opportunity to
sell your individual property interests - bringing liquidity to what used to be an illiquid asset class.

Here’s what our network of partners is saying.

Darren Walker

President of the Ford Foundation

“The Ford Foundation is proud and honored to be a partner with Cadre and its
outstanding leadership team on their journey to transform the alternative investing markets through technology
innovation. ”

“Cadre is bringing real estate investing into the 21st century by combining
institutional expertise and real estate opportunities with cutting-edge technology. ”

Vinod Khosla

Entrepreneur, Investor, Founder of Khosla Ventures

“Cadre has evolved real estate investing the same way that technology has evolved
so many other industries and markets. The result is a more transparent, efficient platform for accessing the
asset class. ”

Andrew Mathias

President of SL Green Realty Corp.

“The promise of a transparent platform allowing investors and quality operators
to come together on individual assets is a revolutionary concept in real estate, and we see Cadre at the
forefront of that effort. ”

Cadre.com (the “Website”) is a website operated by Quadro Partners, Inc. (“Cadre Web Host”).
By accessing the Website, the pages contained on it, and the information and material contained or
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The Website and the offerings therein are intended only for accredited investors (for persons residing in the
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Cadre Web Host, along with its affiliates (including RealCadre) and its and their directors,
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We may, without prior notice or warning of any kind, restrict or terminate the access of any and all users to the
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When accessing the Website, users should be aware that the internet is generally not regarded as a secure
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The Website may contain certain links. Activating links on the Website may cause individual users to leave the
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Such links are provided solely for individual users’ convenience and information. Cadre has not reviewed any of
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risk.

Ownership of Materials on Website

You may download or copy Content only to the extent such download is expressly permitted in writing on the
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any related software.

“Cadre” is the trade name for Cadre. Nothing on the Website shall be interpreted as granting any license or right
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Unless otherwise noted, all Contents are copyrights, trademarks, trade dress and/or other intellectual property
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The Website, including all Information, is owned by or licensed to Cadre and is subject to and protected by
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No Offers or Reliance

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no circumstances should the Information be used or considered as an offer to sell or the invitation or
solicitation of an offer to buy any product
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potential investors are advised
to carefully read the related final documentation and offering memorandum documents (the “Documents”). Further,
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consult with their tax, legal and financial advisors with respect to any investment.

Past performance / Forward-looking statements

Nothing herein shall be relied upon as a promise or representation as to past or future performance. The Website
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No Warranty; Limitation on Liability

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"ASSOCIATES") WARRANT
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INTEGRITY, COMPLETENESS, AVAILABILITY OR TIMELINESS OF THE CONTENT PROVIDED IN THE WEBSITE OR THE MATERIALS OR
SERVICES OFFERED IN THE
WEBSITE NOW OR IN THE FUTURE. CADRE AND ITS ASSOCIATES SPECIFICALLY DISCLAIM ALL WARRANTIES, WHETHER EXPRESSED OR
IMPLIED, INCLUDING
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THE WEBSITE, INFORMATION
ON THE WEBSITE OR THE RESULTS OBTAINED FROM USE OF THE WEBSITE OR RELATED SERVICES. CADRE AND ITS ASSOCIATES
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FOR UPDATING ANY PARTY OF THE WEBSITE OR THE CONTENT THEREIN.

UNDER NO CIRCUMSTANCES WILL CADRE OR ITS ASSOCIATES BE LIABLE TO YOU OR ANYONE ELSE FOR ANY DIRECT, CONSEQUENTIAL,
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UNAUTHORIZED ACCESS, SYSTEMS
FAILURE, COMMUNICATIONS LINE FAILURE, INTERNET FAILURE OR DAMAGES THAT RESULT FROM USE OR LOSS OF USE OF THE
WEBSITE, CONTENT,
INCONVENIENCE OR DELAY. THIS IS TRUE EVEN IF CADRE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR LOSSES.

Any Content downloaded or otherwise obtained through the Website is done at your own discretion and risk and you
are solely responsible
for any damage to your computer or other electronic system or loss of data that results from the download of any
such Content.
The foregoing limitation of liability will apply in any action, whether in contract, tort or any other claim, even
if an authorized
representative of Cadre has been advised of or should have knowledge of the possibility of such damages.

The information and opinions are subject to change without notice and does not purport to be complete.

Third Party Content and Linked Websites

References on this Website to any names, marks, products or services of third parties, or hypertext links to third
party websites
or information or Content provided by third parties, are provided solely as a convenience to you and do not in any
way constitute
or imply our endorsement, sponsorship or recommendation of the third party, its information, materials or
services. We are not
responsible for the practices or policies of such third parties, nor the Content of any third party sites, and do
not make any
representations regarding third party materials or services, or the Content or accuracy of any material on such
third party sites.
If you decide to link to any such third party sites, you do so entirely at your own risk.

Warning Regarding Web Fraud and Phishing

An unfortunate consequence of our reputation is the misuse of our name, brands and reputation by imposters and
frauds publishing
fake web sites and engaging in "phishing" scams seeking personal or confidential information.

When communicating with Cadre through digital media, please:

Confirm you are visiting a Cadre authorized web site.

Do not share your password and login ID with anyone, including anyone from Cadre. Cadre web sites are private,
available only to clients through secure log-in procedures. Apart from allowing you to use your password and
log-in to enter an authorized web site, Cadre will never ask you for your password or log-in information.
(If you forget your password or login, we will issue you new ones.)

Do not communicate or deal with personnel who are not affiliated with an authorized office. All authorized office
locations
are listed on our contact page. No other office locations are authorized offices of Cadre.

Do not send emails to anyone with an address other than authorized Cadre e-mail addresses. Cadre only uses
“@cadre.com” or
“@realcadre.com” for email addresses. Cadre does not permit our employees and authorized representatives to send
or receive
work related emails from personal accounts or any other address.

If you have any questions about the above, please contact Cadre at legal@cadre.com.

Effect on Other Agreements

Nothing contained in these Terms and Conditions of Use is intended to modify or amend any other written agreement
you may
have with Cadre (including without limitation any customer agreement, participation agreement, operating
agreement,
investment agreement or account agreement) (“Other Agreements”) if any, that may currently be in effect. In the
event of any
inconsistency between these Terms and Conditions of Use and any Other Agreements, the Other Agreements will
govern.
Some pages within the Website contain supplemental terms and conditions and additional disclosure and disclaimers,
which are in addition to these Terms and Conditions of Use. In the event of a conflict, the supplemental terms and
conditions
and additional disclosures and disclaimers will govern for those sections or pages.

Governing Law

Headings used in these Terms and Conditions of Use are for reference purposes only and in no way define or limit
the scope of the section.
These Terms and Conditions of Use are governed by the laws of New York. Subject to the next section of the Terms
and Conditions regarding
arbitration, any claim related to any dispute arising as a result of the Website or under these Terms and
Conditions of Use
will be made before a court of competent jurisdiction located in New York. If any provision of these Terms and
Conditions
of Use is held to be unenforceable, such provision will be reformed only to the extent necessary to make it
enforceable.
The failure of Cadre to act with respect to a breach of these Terms and Conditions of Use by you or others does
not constitute
a waiver and will not limit Cadre’s rights with respect to such breach or any subsequent breaches.

Arbitration

By using the Website, you agree that Cadre, at its sole discretion, may require you to submit any disputes arising
from the use
of the Website, related services or these Terms and Conditions of Use concerning or, including disputes arising
from or concerning
their interpretation, violation, nullity, invalidity, non-performance or termination, as well as disputes about
filling gaps in
this contract or its adaptation to newly arisen circumstances, to final and binding arbitration under the
International Rules of
Arbitration of the American Arbitration Association, by one or more arbitrators appointed in accordance with the
said rules.
Notwithstanding these rules, however, such proceeding shall be governed by the laws of the state as set forth in
the previous section.

Business Continuity Summary Disclosure Statement

Cadre has developed a Business Continuity Plan that describes how we will respond to events that significantly
disrupt our business.
Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in
responding to actual events
as they occur. With that in mind, we are providing you with this information on our business continuity plan.

Contacting Us: If after a significant business disruption you cannot contact us as you usually do
at 646-661-7677,
you should call our alternative number 646-650-5732, email us at legal@cadre.com
or go to our
website at cadre.com.

Our Business Continuity Plan: We plan to quickly recover and resume business operations after a
significant business
disruption and respond by safeguarding our employees and property, making a financial and operational assessment,
protecting our books
and records, and allowing our customers to transact business. In short, our business continuity plan is designed
to permit our firm to
resume operations as quickly as possible, given the scope and severity of the significant business disruption.
While every emergency
situation poses unique problems based on external factors, such as time of day and the severity of the disruption,
our objective is
to restore operations and be able to complete any ongoing transactions within 1 business day. Your orders could be
delayed during this
period.

Varying Disruptions: Significant business disruptions can vary in their scope, such as only our
firm, a single building
housing our firm, the business district where our firm is located, the city where we are located, or the whole
region. Within each of these
areas, the severity of the disruption can also vary from minimal to severe. In a disruption to only our firm or a
building housing our firm,
we will transfer our operations to a local site when needed and expect to recover and resume business within one
business day. In a disruption
affecting our business district, city, or region, we will transfer our operations to a site outside of the
affected area, and recover and
resume business within two business days. In either situation, we plan to continue in business and notify you
through our website ,
via email at legal@cadre.com, or our customer emergency number, 646-661-7677
how to contact us. If the
significant business disruption is so severe that it prevents us from remaining in business, we will assure our
customer’s prompt access to
their funds and securities.

For more information: If you have questions about our business continuity planning, you can contact us at
646-661-7677 or
legal@cadre.com.

Cadre’s Business Continuity Plan is subject to change at any time, in Cadre’s sole discretion.

Privacy and Cookies

Your Privacy Is Important to Cadre

In the course of serving our clients, Cadre may obtain personal information about such clients.
Obtaining this information is important to our ability to deliver the highest level of service to you,
but we also recognize that you expect us to treat this information appropriately.

This policy describes the types of personal information we may collect about you, the purposes for which we use
the information,
the circumstances in which we may share the information and the steps that we take to safeguard the information to
protect your
privacy. As used throughout this policy, the term “Cadre” refers to Quadro Partners, Inc. and its affiliates.

The Sources of Information

The personal information we collect about you comes primarily from the account applications or other forms and
materials
you submit to Cadre during the course of your relationship with us. We may also collect information about your
transactions
and experiences with Cadre relating to the services Cadre provides. In addition, depending on the services you
require, Cadre
may obtain additional information about you, such as your credit history, from consumer reporting agencies.

Finally, in the provision of financial services to you and subject to strict compliance with all applicable laws
and regulations,
information may be collected about you indirectly from monitoring or other means (e.g. e-mail monitoring). In
these circumstances,
the information is not accessed on a continuous or routine basis, but it may be used for compliance or security
purposes.

The Information We Have about You

If you deal with Cadre in your individual capacity (e.g. as a private client), or as a settlor/trustee/beneficiary
of a trust, or as
an owner or principal of a company or other investment vehicle established to invest on your behalf or on behalf
of your family, etc.,
the typical information we collect about you may include (in addition to any other information as may be
determined on a case-by-case basis):

A personal identifier such as, depending on your country of residence, your Social Security Number, National
Insurance Number, Tax File Number, etc.

Of course, you are not required to supply any of the personal information that we may request. However, failure to
do so may result
in our being unable to open or maintain your account or to provide services to you. While we make every effort to
ensure that all
information we hold about our clients is accurate, complete and up to date, we rely on our clients promptly
notifying us if there
are any changes to their personal information.

Our Use of Your Personal Information

We may use your personal information to:

Administer, operate, facilitate and manage your relationship and/or account with Cadre. This may include sharing
such
information internally as well as disclosing it to third parties, as described in the following two sections,
respectively;

If your relationship with Cadre ends, Cadre will continue to treat your personal information, to the extent we
retain it, as described in this policy.

Disclosures of Your Personal Information within Cadre

In order to provide efficient and reliable services and to improve product and service options available to you,
more than one entity
within Cadre may be given, or given access to, your personal information. For example, one Cadre entity might
share your information
with another in order to facilitate settlement of your transactions or the maintenance of your accounts, or as
part of its arranging
for the performance of specialized services such as US and international brokerage, asset management and advisory
services. When so
sharing your personal information, we adhere to applicable legal and industry standards regarding the protection
of personal information.
Additional information on how your personal information is protected while within Cadre is provided below, under
Information Security:
How We Protect Your Privacy.

Disclosures of Your Personal Information to Third Parties

Cadre does not disclose your personal information to third parties, except as described in this policy.
Third party disclosures may include sharing such information with investment partners (e.g. deal sponsors), other
financial
institutions (e.g. lenders requiring such information pursuant to regulatory requirements) and/or nonaffiliated
companies that
perform support services for your account or facilitate your transactions with Cadre, including those that provide
professional,
legal or accounting advice to Cadre. Each such third party is required to maintain the confidentiality of such
information to the
extent received and to use your personal information only in the course of providing the services, and only for
the purposes, dictated by Cadre.

We may also disclose your personal information to fulfill your instructions, to protect our rights and interests
and those of our
business partners or pursuant to your express consent. Finally, under limited circumstances, your personal
information may be disclosed
to third parties as permitted by, or to comply with, applicable laws and regulations; for instance, when
responding to a subpoena
or similar legal process, to protect against fraud and to otherwise cooperate with law enforcement or regulatory
authorities or
with organizations such as exchanges and clearinghouses. For clients who link or verify bank accounts over our
platform, we may
use services provided by Plaid Inc. (“Plaid”) to gather your data from financial institutions. By using those
features of our service,
you grant Client and Plaid the right, power, and authority to act on your behalf to access and transmit your
personal and financial
information from the relevant financial institution. You agree to your personal and financial information being
transferred, stored,
and processed by Plaid in accordance with the Plaid Privacy
Policy.

You should know that Cadre will not sell your personal information.

Information Security: How We Protect Your Privacy

Cadre is committed to protecting the privacy and confidentiality of your personal information. We limit access to
your personal
information to authorized Cadre employees or agents and, as described above in Disclosures of Your Personal
Information to Third Parties,
third parties are held to stringent standards of privacy. We also maintain physical, electronic and procedural
safeguards to protect
the information against loss, misuse, damage or modification and unauthorized access or disclosure. Some of the
other central features
of our information security program are:

A dedicated group within Cadre that designs, implements and provides oversight to our information security
program;

The use of specialized technology such as firewalls;

Testing of the security and operability of products and services before they are introduced to the Internet, as
well as ongoing
scanning for publicly known vulnerabilities in the technology;

Implementing controls to identify, authenticate and authorize access to various systems or sites;

Protecting information during transmission through various means including, where appropriate, encryption; and

Providing Cadre personnel with relevant training and continually updating our security practices in light of new
risks and developments in technology.

Privacy and the Internet

The following additional information will be of interest to you as a visitor to this site:

Users of cadre.com are required to identify and authenticate themselves prior to accessing our services.
Generally,
identification and authentication take place through the use of your user name and a password.

Cadre.com is built upon a secure infrastructure with multiple layers of protection. Cadre uses industry standard
encryption technologies to protect your information from external compromise.

Security is a cooperative effort between Cadre and the users of cadre.com. Please remember that your login and
password
are personal to you and should not be made available to any other person. Also, you should discontinue their use
and notify us if you have any reason to suspect that someone else may be using them.

We may collect certain aggregate and non-personal information when you visit the cadre.com. We may collect this
information through
"cookie" technology. Cookies are bits of text that can be placed on your computer's hard drive when you visit
certain websites.
Cookies may enhance your online experience by saving your preferences while you are visiting a particular
website. The "help"
portion of the toolbar on most browsers will tell you how to stop accepting new cookies, how to be notified when
you receive
a new cookie, and how to disable existing cookies. Remember, though, without cookies, you may not be able to take
full
advantage of all of the cadre.com features.

“Clickstream” data (e.g., information regarding which of our Web pages you access, the frequency of such access,
and
your product and service preferences) may be collected by Cadre itself, or by our service providers, using
cookies,
Web beacons, page tags, or similar tools that are set when you visit our Web site or when you view an
advertisement
we have placed on another Web site. Clickstream data and similar information may be shared internally within
Cadre
and used: for administrative purposes; to assess the usage, value and performance of our online products and
services;
to improve your experience with our Web sites; and as otherwise permitted by applicable law or regulation. If you
are
a Cadre client, this information helps us suggest products or service offerings that may be of interest to you.
This
information may be processed by us for the purposes described above, or on our behalf by third parties, solely in
accordance with our instructions.

Cadre may make available on this Web site third party applications such as content linking or sharing facilities.
Information collected by providers of such applications is governed by their privacy policies.

Our Web sites are not currently configured to respond to “do not track” signals or similar mechanisms.

Information For EEA Users (EU plus Iceland, Norway and Liechtenstein)

What Rights Do I Have?

Where Cadre is a Controller of data under the EU’s new
General Data Protection Regulation (GDPR),
individuals located in the European Economic Area (EEA) will have additional rights with respect to their
non-public personal information (NPI),
including the right of access, rectification, restriction, opposition, erasure and data portability (each, as
defined by the GDPR). Where possible, we obtain and rely on user consent as a lawful basis for processing personal
data. In some cases, Cadre may process and retain NPI pursuant to a legal obligation or another legitimate
interest under
the GDPR to protect your vital interests, the interests of Cadre, or those of another person.

How May I Exercise My Individual Rights?

Users located within the EEA may contact our Data Protection Officer with questions or requests regarding
their NPI using the contact information below. Please note that Cadre may request additional information from
you to verify your identity before we disclose any personal or account information. You may opt out of receiving
promotional communications at any time by following the “unsubscribe” instructions found within Cadre email
updates or changing your contact preferences. Please note, you will continue to receive essential account-related
information, even if you unsubscribe from promotional emails.

Who Can I Contact at Cadre Regarding Data Protection Issues?

Cadre has designated a Data Protection Officer to assist with data privacy and data protection issues. You may
contact
him/her by emailing support@cadre.com and addressing your questions or
concerns to the Data Protection Officer.

Other Privacy Policies or Statements; Changes to Policy; Contact

This policy provides a general statement of the ways in which Cadre protects your personal information.
You may, however, in connection with specific products or services offered by Cadre, be provided with
privacy policies or statements that supplement this policy. This policy may be changed from time to
time to reflect changes in our practices concerning the collection and use of personal information.
The revised policy will be effective immediately upon posting to our Web site. This version of the Policy
is effective May 24, 2018. If you require further information regarding our privacy policies and practices please
contact legal@cadre.com.

Statement on Cookies

By using our Website with your browser settings adjusted to accept cookies, you consent to Cadre’s use of cookies
and other
tools to provide the products and services available on our site. If you would like to modify your browser to
notify you
when you receive a new cookie or to disable cookies altogether, please refer to Managing Cookies below.

Cookies at Cadre and How We Use Them

Cookies are small text files that may be placed on your Web browser when you visit our Website or when you view
advertisements
we have placed on other websites. Cookies allow your browser to remember some specific information which the web
server can later
retrieve and use. Cadre does not use cookies to store any personal information that could be read or understood by
others.
When you quit your browser, some cookies are stored in your computer’s memory, while some expire or disappear.

Cookies are used primarily for administrative purposes, to improve your experience with our Website. Examples of
this include the use of cookies:

To improve site security by “authenticating” you (i.e., verify that you are who you say you are) when you sign-in
to our site.

To keep track of your specified preferences such as language, time zone and timeouts after periods of inactivity.

To allow you to navigate our sites more easily by “remembering” your identity so that you do not have to input
your password multiple times
as you move between pages or services.

In addition to administrative uses, Cadre may also use cookies in one or more of the following ways:

To conduct research and analytics to improve our Website and our products and services. This includes compiling
statistical information concerning,
among other things, the frequency of your use of our Website, the pages visited and the length of each visit.

To display Cadre advertisements when you visit websites of third parties with whom we have marketing
relationships and to help us gauge the
effectiveness of our advertising efforts. These parties may gather information concerning your use of other
websites and provide us with
de-identified information about you (such as demographic information or the names of sites where you have been
shown ads) which we may
use to provide you with more relevant and useful advertising.

Managing Cookies

The Help menu on the menu bar of most browsers will tell you how to prevent your browser from accepting new
cookies, how to have
the browser notify you when you receive a new cookie and how to disable cookies altogether. Additionally, you can
disable or delete
similar data used by browser add-ons, such as Flash cookies, by changing the add-on’s settings or visiting the Web
site of its
manufacturer. Some of our sites employ “functionality cookies” that help the site remember your settings and
preferences for
use when you visit the site in the future. This provides a more tailored and pleasant user experience. These
cookies store information
in multiple places. On those sites using functionality cookies, you will find a “Delete Cookies” feature on every
page that will allow
you to delete these cookies completely from your device. Please note that, if you decline to use cookies, you may
experience reduced
functionality and, for sites using authentication-related cookies, declining cookies will prevent you from using
the website altogether.
To learn more about what cookies are set on your computer as you browse the Web and how to manage or delete them,
visit
www.allaboutcookies.org.

Confidentiality Agreement

Cadre.com (the “Website”) is a private, confidential website intended solely for the limited use for
which you (and, if applicable, your organization) have been given access. By accessing the Website,
the pages contained on it, and the content, information and materials contained or described herein
(together the “Information”), you agree that the Website and the Information are of a confidential
nature, that you will hold and treat it in the strictest confidence, and that you will not disclose
the Information to any other person or entity without the prior written authorization of Cadre, nor will
you use the Information in any fashion or manner detrimental to the interest of Cadre (as defined in the
Terms and Conditions of Use) or any deal sponsors that have listed investment opportunities on the Website
(Cadre and such deal sponsors, each, a “Disclosing Party”). You agree to promptly notify Cadre of any unauthorized
use or disclosure of any Information, and you shall be responsible for any breach of your confidentiality
obligations
as set forth in this User Confidentiality Policy by your employees and agents. Due to the unique nature of the
Information,
you agree that any breach or threatened breach of this User Confidentiality Policy will cause not only financial
harm to the
Disclosing Parties, but also irreparable harm for which money damages will not be an adequate remedy. Therefore,
any Disclosing
Party shall be entitled, in addition to any other legal or equitable remedies, to an injunction or similar
equitable relief
against any such breach or threatened breach of this User Confidentiality Policy without the necessity of posting
any bond.